Barnes & Noble, Inc. BKS Securities Purchasers File Class Action Lawsuit Complaint Against Barnes & Noble, Inc. BKS For Securities Fraud.
A securities fraud class action lawsuit complaint has reportedly been filed against Barnes & Noble, Inc. a leading retailer of content, digital media and educational products and bookstore operator (“Barnes & Noble”) and others (collectively “Defendants”) in the United States District Court for the Southern District of New York (styled Anthony Taylor v. Barnes & Noble, Inc. et al) alleging, among other things, that Barnes & Noble violated the federal securities laws by issuing misleading statements and omissions relating to Barnes & Noble’s Nook e-book reader sales and operations, according to the Barnes & Noble BKS securities fraud class action lawsuit complaint.
The Barnes & Noble BKS securities fraud class action complaint reportedly is brought on behalf of a putative class of all purchasers of the securities of Barnes & Noble between February 25, 2013 and December 5, 2013.
The Barnes & Noble BKS class action lawsuit complaint reportedly asserts claims for alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
The Barnes & Noble BKS securities fraud class action lawsuit complaint reportedly seeks to recover compensatory damages, rescission or a rescissory measure of damages, equitable or injunctive relief, interest, and an award of attorneys fees and costs.